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In response to a brand new report printed by Singaporean enterprise capital agency Foresight Ventures, the price of decentralized file storage on blockchains similar to Filecoin, Arweave, Swarm, StorJ and Sia at present ranges from close to zero to $4 per terabyte (TB) per thirty days. That is a lot decrease than conventional Web2 providers similar to Amazon Cloud or Microsoft Azure, the place costs can vary from $16 to $23 per TB of month-to-month storage.
Nevertheless, the report additionally outlines different prices related to decentralized storage, similar to knowledge add charges and retrieval charges, the latter of which may quantity to $7 per TB. Some service suppliers talked about within the report, similar to Filecoin, solely had storage charges, which have been additionally fairly low, whereas others had all three sorts of the aforementioned charges.
As well as, analysts at Foresight wrote that blockchain storage nonetheless faces points similar to “file loss,” “troublesome to retrieve knowledge” and “excessive bandwidth necessities.” Pointing to 1 blockchain, researchers commented:
“Worth doesn’t account for bandwidth. Some nodes solely present storage providers, refuse retrieval.”
Regardless of pricing controversies, knowledge from blockchain analytics agency Messari cited within the report present that the full storage capability of the 4 largest file-storage blockchains elevated by 2% year-over-year to 17 million TB on the finish of 2022. Filecoin at present has the biggest market share at 67%, adopted by Arweave (19%), Sia (8%) and Storj (6%). Whereas community utilization stays comparatively low, the metric amongst high gamers has since surged to three.1% in comparison with simply 0.2% in 2021.
On April 27, Filecoin rolled out the nv19 Lightening and nv20 Thunder community upgrades to enhance block validation occasions. As of April, the community has 22.7 million TB of storage capability and three,623 storage supplier techniques.
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